SRC-HRD S.B. 899 75(R)   BILL ANALYSIS


Senate Research Center   S.B. 899
By: Ratliff
Intergovernmental Relations
3-16-97
As Filed


DIGEST 

Currently, Texas law governing the voting guidelines for stockholders or
members of nonprofit water supply and sewer service corporations is
somewhat ambiguous.  This bill clearly sets forth the voting rights of
each member or stockholder in such an election.  

PURPOSE

As proposed, S.B. 899 provides that, in reference to water supply or sewer
service corporations, a stockholder or member has only one vote regardless
of the number of memberships or stock certificates held by the person in
the election of certain executive officers. 

RULEMAKING AUTHORITY

This bill does not grant any additional rulemaking authority to a state
officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1. Amends Section 5, Article 1434a, V.T.C.S., to require, at an
annual membership or stockholders' meeting of a water supply or sewer
service corporation, each member or stockholder to be allowed only one
vote regardless of the number of memberships or stock certificates held by
the person. 

SECTION 2. Emergency clause.
  Effective date: upon passage.